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Toyota Profit Rises 7.5 Percent on Year

TOKYO -- Toyota's profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen, according to the Associated Press.

The Japanese automaker - in a neck-and-neck race against General Motors Corp. for the top spot in global vehicle sales - sold 2.281 million vehicles in the fiscal third quarter, up 5.8 percent from the same period a year ago, it said Tuesday.

Posted by Peter C. T. Elsworth  at 9:23 AM to Toyota | Permalink

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